Limitation on amount wagered
57 Limitation on amount wagered
A registered player may by:
written notice; or
electronic notice,
to an internet gaming licensee, set a limit on the amount the player may wager within a specified period.
(2) A player who has set a limit under this regulation may change or revoke the limit by:
written notice; or
electronic notice,
given to the internet gaming licensee in accordance with the approved procedures.
A notice increasing or revoking the limit has effect only:
(a) after 7 days after the internet gaming licensee received the notice; and
(b) if the player has not, before 7 days after the internet gaming licensee received the notice, notified the internet gaming licensee of an intention to withdraw the notice.
(4) A notice reducing the limit has effect immediately after it is received by the internet gaming licensee.
(5) An internet gaming licensee must not accept a wager from a player contrary to a limit set for the player under this regulation.
Maximum penalty: 15 penalty units.
(6) In this regulation, wager means the amount wagered from the player's funds deposited into his or her account, but does not include any winnings generated from the wager.
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